Prime Central London - July 2018
The Prime Central London sales market is recovering some poise. The lower-end of the market is picking up and is seeing some price rises. The upper-end of the market, while some prices continue to adjust down, is seeing higher transaction volumes. The Prime Central London lettings market is also in recovery mode.
Rental values have increased for two consecutive quarters and although poorly presented properties frequently struggle to let, there are increasing pockets of improvement. Transaction levels continue to disappoint.Key highlights include:
• Sales prices up in Q2, but selectively
• Rents rise again in Q2
• Annual price growth set to turn positive in Q3 2018
• Rental growth heading upwards